For computation of Gross Annual Value, if actual rent is more than expected rent, then we select the .

Related MCQs

• Mr. Shushant is the owner of a house, the details of which are given below the gross annual value would be Municipal value ` 36,000 Actual rent ` 32,000 Fair Rent ` 36,000 Standard Rent ` 40,000
• Calculate the Gross Annual Value from the following details: Municipal Value ` 45,000 Fair rental value ` 50,000 Standard Rent ` 48,000 Actual Rent ` 42,000
• Gross annual value shall be higher of .
• If fair rent is not gives, then assume………….as fair rent.
• The net annual value of house let out is ` 1,00,000 and actual amount spent by the assessee on repairs and insurance premium is ` 20,000. The amount of deduction allowed under Section 24(a) shall be .
• Expected rent shall be higher of .
• Mr. R owns a house. The Municipal value of the house is ` 50,000. He paid ` 8,000 as local taxes during the year. He uses this house for his residential purposes but lets out half of the house @ ` 3,000 p.m. The annual value of the house is.
• For computation for Income tax liability for individual, the Education Cess is
• Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .
• Value of rent-free accommodation in case of Government employee shall be taxable up to